|
�
<br /> ;,��s : .°• -_ =-= -= r
<br /> .. - - - ��•i-�. ------ ..,�......:""t�,.�.�
<br /> I --- � -:
<br /> I oRacoRy oi.sort Lnuw► oz.sor� 9G— 1�10�1 sonas� 02/06/1996
<br /> �
<br /> . 9.Co�da�u�tiai.The ptoctetls of�uy aw�rd or claia�fix�laau,Qrs,Qlrect+u c��ctsrqtt�ntiul, in ci�cu�.^cd���with any
<br /> i crncicnuuti��u�x �xber t�Ir�; of thr Prc�+eny. �w�wu't therarf, or fiu c��iveys�k�e in li�u oi ccxui«�nu�tl�u�, ire hereby �:-
<br /> �uiyitied�wd shall he pald tu LencSer,whject co tt�tra�uis of any nuut��e.cked af uust ur+,tt►w t.w:uruy�rreroeut with a ��-,_
<br /> � liea whic6 t�as priarity over this Dc�!uf Tnut.
<br /> � 10. Borrowar Kot Rdcasal; Forbarance By l.eadee lKot w Walv�. C,xtet�cl��u nf the tin� far paya�eat ar _.
<br /> i n�odlfuatior�of s►n�oni:ati�w uf tk�suu�s srx,wxd by tb)s Deec1 af Trust Qrjwt�.�! by 4:p�:r w any suucsx�r ia iuterest af
<br /> - Br►rr��we�xhsll pat M►erate u� reiease. iu auy manner. tbe iiabiliry ui�e uri�i�uzi Bornovrer wd Fsc�rrower's succr�sun in
<br /> S iuterest. Leocler sJwll au he requir+�d to c��nm�enca p��diugs a�aiusi such�vc:.2ssar ur rcfiise m excead ciwr far paywe�u
<br /> � ar othrrwisC wcnlify au�urtizseiw�uf the w�uc sc�.urail bg th;s Da�-i of Trust by re�w��nf au}�civatiu�l nu.�le by ttse cxis�n�1
<br /> Bortuwet aud Burrower'�succ;esso�s ia iuurcst. Any�forbearance by lxirder ia exercisiuB an��rs�ht or rew�edy hereuoder�
<br /> -- or othenrise afforde-3 b��p�Iic�bt�law,si�ll iuu fir a waivtr uf ur pmiu�fe u5e exe,ase o�aay sucl�iig4�o�ra�zcly.
<br /> 11.Succecsai�nud Asct�m Bountl:]oiut aad Seversl UaWZYtyi Co�s:unexs. Tde covenants swd s�reemeuts hereiu
<br /> co�uainod st�a11 bind. and the righu henunder shnll itture to.the respectluQ successcus and�ssigac of Leader aad Boirawer.
<br /> sub}at w the provisious of paragraph 16 hereaf. All cowe�zntr.cwd s�ree�neius of Borrower stwll be joiat and seversl.
<br /> Any Barrow�er wba ecNSagac tbis Deod af Trust.but�loes aot exe�ute�e Note,(a)is co-signinD thiF Deetl of Tnut only to
<br /> �r�uu sind convey tt�at Borrower's interest ui tha Fro�erty to Teustee nnder the ara�s of thiF Dced of Trust, (b)is ooc �;._
<br /> person,lly linble an tbe Note ot w�der this Deed of TiuFt. �nd(c)asrces t�at Lsad�r aad any other Boirowcr tltnuncler ,•"
<br /> � may ag�e ta extcud.walify. forbear. or ro�cc auy otber�ccoaww3�tloas with rc�nrd to thc terws af this I?ced of Tnut or '�-
<br /> � tAe Nc�te.wit6au t�t Bo�rov�rer's cwasent wd withaut nleasing t6at Borrouer ar uxxlifjir�tris Dced of Tn�st as to that �'
<br /> # BorrUwet's ioterest ia the Pcoperty. ��, ,
<br /> � 12. Nodoe. Fszcept for aay ryotice roquit�d utxler ap{►lic�bla !aw t��be given ia another numer. (�)aay noace to °
<br /> Borrawer provide�id for in this Deed of Trust shall be given b��deliverir�it or bg mtiling such mtice by artified mail ��.'.�
<br /> sd�ressed ta Borrower u tbe Property AdJnss or at such atLcr addross s�s Eoriniwer may clesi�nue by norice to l.euder s�s '.`
<br /> provicled hereiu,wd(b)aay uodce tn Lendu sh�ll be�iven by exrtifiesl mail tv Leader's zddress stated herein or w such
<br /> other add:ess ac Leader may dai�n2u:by notice to Borrower as providod lurein. Any mtice pmvided for in this Deed Qf ��_
<br />- Tnuc sL�ll be deemed co have bcen give4 to Bormu�r or Lender when given w the mmner des3gnated herein. R-�
<br /> l3.Go�e�s�lavr;Severabluty.'ibe stato wud local laws apQlicable ta t�is Deod of Trust shall be tlu laws of t�e =
<br /> ,� jurisdiction in which the Property is tvcated. 7'6e foregoin�sentenee s�ll aot tiv�it tbe applicability of Foderal law to this _
<br /> ' Deed of Tnut. In thc eveot t}�at aay pmvision or clause of this Drod of Ttust or the Noae conticts wich a�plicaWe iaw, _
<br /> � svch conflict sLall not affxt othcr provisioas of this Dad of Trust or tt►e Note wbich c�rs be givea effect without t�.° _
<br /> - wntlieting pmvlsion.and W this enci the pmvisioac of this Deed of Trust wd the Note aK cfe�:lared W 6e severable. As _
<br /> ° used herdn. 'casts'. 'ea�Peases' aad �auomeYs' fees" i�lude all sunls ta G�e exc��t nat p�ib9ts�bY�PP�k law or _
<br /> � limited l�erein.
<br /> _� 14. Bonvwer•s Copy. Borrower s�all be fumished a con£ormal copy of t�u Note aad of this Deed of Tn�st at the �
<br /> time of execu6oa or after recordatiou bereof.
<br /> - iS. Re4abUitatloo Yaan Ap�edmeot. Bwmwa sLall fulfiill all of Sorcower's dt�iguious uacier any iwa�e
<br /> rehabilitaiion.imw+nvemeat. rep�ir or other loaa a,qreement which Borrower�atees iaar v�►Lender.Irader.at I.eader's
<br /> opdon, may calnire Bocmwer w esecute smd delicu to Lender. in s fo:m��e os Leader. aa assi�nm�at of aay =__.
<br /> � righes.cl�ims or d�efeases v�ich Boerow�u may�sve a�iast puties who supply�P,ab�ac,�aoecials or secvices ia cooaoction -
<br /> _ .rie1�in�rrw,rnrnrc mrie to ti�e Pn�erty. __
<br /> - li.'i'�aaitec ot t3z Pto�a't;c�a Bm�liria!IattreR ta Borrawtr. If all or aa}.���rt ct€the Property or any interest ___
<br /> ; in it is soid or traasEerced (or if a beneficial iateresi in Borrower is sold or�asf��d Borrowtr u not a nu�ral
<br />-� P�r�on)witt�ut Len�"S Pnor wriuea consent. E�a3er may.u its option.reqerite+^•++�;���payment in fiill of�11 sums
<br /> - • securod by this Deod of Tiust.Hovrcver.this opr�t1�11 mt be eurcised Q� Lea�ier if execcise is pmt�ibltal by fodet�tl
<br /> Lw as of the due of tLis Deed of Tiust.
<br /> - If ixader acercises tbia apdon. Lender s1�aU pve Boaoa�notice of socderstion.'L•�e mdce s6all provide a period
<br /> of not less th�a 30 days from d�e date tbe notice is deliveral ot mailed within which Bonower must pay all sums socured
<br /> by tbis Deed of Tcust.If Borrower fails to pay tt�se s�ms prior to du eatpintion of this perio�.L�ender m�y invoke auy
<br /> remalies pem�iued by this Dood of Tnut without further notice or demaad oe Borrowa.
<br /> NpN-UNiFORM COVP.�iAN'i'S. Socrower snd Lender further cova�at an#�gi�x as follows:
<br /> 17. �1m: Re�edles• �kapt a4 prorided in p�ra�raph li bereot, Wwn Borro�scr�a b�+eacb a[ aay
<br /> oo�m�at or sp�eaoeot ot Bomomer to thls Deed o[Tru�,tadud[qt Borrower's falture W W9. by tLe md at 10 —
<br />— takadv dtys aher t6ey stne due,aay tuots rtnu�ed b�tbit Deed ot Trutit, I.ead�er�'ior 4o aocd�tlon�11=i�e -
<br /> mtloe eo Beaor�e�a�pro.idea m �araarapti 12 hereor�Ia=: c1)tbe a�6; (Z)tbe.dion e+�ie�d co arc
<br />— ac6 hraieh:(3)a d�te,not l�ss than 20 days han tbe�te We natla is maikd to Borro�rer•by whkh wcb breaeb
<br /> mu�t De e�a+edi�(�tLat t�tamr to aa+e snch bi+eacl�o0 or be�ore the d�ts s�ecltied ta tLe mtioe ma�ruidd io
<br /> aeedKratbo ot t6e s�s aecured by tW�Dad of Tru�t and sak ot tbe Ptoparty.T6e notbe sbW(iartl�er infonm _
<br /> Ba�r�o�wer ot the��i�io!W reimfate atta�aocdentloa aod We ri�Lt W beia,q�ooa�t sctlm to��ee't the noarshteooe ot _
<br /> s defiuit or anp at�er deta�e ot Bomower to�ooderat�oa�ad sak. It tbe brwcb is not au+cd m or before the d�te `_
<br /> s�ecZlGar1 un tbe notio�I.ender, at Lender's opt6aa,may declare a!1 ot the suns tec�d ep tLk LTee�t ot Ttu�t W be =
<br /> — ireii�t4t�due a�d p�yabie witUout turtber d�eo�aod aod sany iavofce tLe powsr o8 saLe aad a�.at�rer cnma3Ges =
<br /> � pam#t�ea 5y +�ppGi�abie law. I.maer sb.0 bc eoticlea t,� oouect au rnsootl�ie oosEs � e�e�ares f�c�e� fa �__
<br /> — pt�suio�tbe remec'�s pro�ided ia tl�b pa�a,�apfx 17,tncludia,�s but not Iie�cted t0.re�aaa6ie atWese�a'faa. �,�;
<br />`_.�: �
<br /> �� If Ure power o8 s�aie ic:rsvoic�d,Tru�tee�L:e+ecwrd a notlae o�de�'s�+L`Ea e��y ia wic�cEz f�r�Pfroperty or ===
<br /> -z-i some p�et thereof is�odted aad sbW mail oopka ot wcb noRice ia tbe iaanoer pe+asd'lbed by appit�abk 4w W `,;:
<br /> _^,��� Bo�rr�aod to We ather pera��+esa�ibed b7=PP��Ia�v.Aher tLe lape of sw3t time�may be r+eqedtecP by �=_".
<br /> y , appllcaDle 4w,Tn�tee sdW ps�puWic notia ot ade to t8e persoos and in t0e asuacw W'��bY �PP��
<br />:'�; law.Tnrtee.witt�out demaad o�Borrove�c,sbsil sdl the Propeity at pa�iic auctloo to t6e hi�Lat btddv at t�e time
<br /> ';i.� �ad{�laae ac�mtder the ta�f daiigyled ia the nodoe ot sale io one er mot+e p�rcds and ta wc6 order ss Tn�ta
<br /> Y, ma�detemtae.Tn�tee may patpooe sale ot a11 or aay parcd ot the Pro�egty by publk�naouaoaaeot at tLe time
<br /> � aad plaoe at aay prerlou�ly sche�luied sak.�.ender or I.ender's de�i�na may p�u+cha�e tLe Pwpe�ty at any ssk.
<br /> Upoo reodpt uf p�ymeot ot tbe prioe bid.Twitee s�U ddi�er to tbe purcl�aser Tructee'a deed oo�u�eyia,�the
<br /> A�opaty cWd.T6e raitals in the Tnatee's deed sLtU be pri�tacle evideace of tbe W�th ot tbe statemenfa made
<br /> tba�dn.Tn�ctee shW apply the proceeds ot t6e s�le ta t6e tolbwio�orda�:(a)W aI!rnsonable oo�ts aad arpemes ot
<br /> tl�e saks�.but oot limked to,Truatee'c teei adwUy incurred ot not more than S 96 of tbe�roec�ak prlae,
<br /> �Oatbie �Onoeyt' [eeo and cats ot title evideac� (b)to W s�as secured by thk Deed ot Tn�t; and(c)the ti,
<br /> ` !xCl�s U�r to�t p!�'i00 Or p!f'fOdt��y��d0. _
<br /> xebra,tu 26a76�2 S�S OriQiaal(R�cordad) CoDy ISraach) Copy(Cuation�r) P,po 3 or5 �.
<br /> � _.
<br />
|